- Foreign Insurance Companies entitled to hold 51% shares.
- Foreign Companies require to bring minimum amount of US$ 2 million in foreign exchange and raise an equivalent amount from the local market.
- No restriction on the number of branches.
- No restrictions on the foreign Insurance Companies as to whom they would employ. They are given national treatment in extending all the facilities as enjoyed by local companies.
- Conditions for Life Insurance as above also apply equally to Non-Life/General Insurance business except that employment of foreign personnel which is subject to usual BOI's formalities.
for more information visit : www.pakboi.gov.pk
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